#3 on todays list of downers
'As a 'older of some Skellerup shares I am disappointed in the drop in price on the half year result.
It is not off from my expectations and if they achieve the bottom end of full year guidance I will be contented.
Even with the current lower price I do not see it as a bargain, and have no intention of buying more.
But I ain't selling yet.
Best Wishes
Paper Tiger
It's not slways money in the bank
Quote:
Originally Posted by
Jantar
Even at that lower boundary they can still match last year's dividends and still have retained earnings to either reduce debt or aim for growth. Matching last year's dividends at the current price is an after tax return of 6%, equivalent to a taxable return of 9%. As far as I'm concerned that is better than money in the bank. :)
I would be very careful adding any share to my portfolio based on a strategy of collecting dividends.
Or assume an 11% eternal growth rate
How does your Dividend thingy work out for Skellerup, Snoopy?
I bet you can get $1.51 at 7.5% gross out of it.
Best Wishes
Paper Tiger